Which are the Jobs with Future Demand in Malaysia?
Part of finding the right career in Malaysia for you will be looking at the future job demand in Malaysia and globally. You don’t want to have completed a degree course and then not be able to find a job or realise that the job pays very low salary. Therefore, it is important for students after high school or Pre-University to choose the right course to study – you don’t want to waste your time and money on a course you don’t want to do or worse being unemployed finding out that the course you have studied does not have any job demand.
According to the World Economic Forum’s Future of Jobs Report 2020, the workforce is automating faster than expected, displacing 85 million jobs in the next five years. Automation, in tandem with the COVID-19 recession, is creating a “double-disruption” scenario for workers. Companies’ adoption of technology will transform tasks, jobs, and skills by 2025. Some 43 percent of businesses surveyed indicate that they are set to reduce their workforce because of technology integration, 41 percent plan to expand their use of contractors for task-specialized work, and 34 percent plan to expand their workforce as a result of technology integration. Five years from now, employers will divide work between humans and machines roughly equally.
The robot revolution will create 97 million new jobs. As the economy and job markets evolve, new roles will emerge across the care economy in technology fields (such as artificial intelligence—AI) and in content creation careers (such as social media management and content writing). The emerging professions reflect the greater demand for green economy jobs; roles at the forefront of the data and AI economy; and new roles in engineering, cloud computing, and product development. The up-and-coming jobs highlight the continuing importance of human interaction in the new economy through roles in the care economy; in marketing, sales, and content production; and in roles that depend on the ability to work with different types of people from different backgrounds.
Furthermore, the Fourth Industrial Revolution (Industry 4.0) is transforming the job landscape in Southeast Asia, with an estimated 6.6 million jobs becoming redundant by 2028. At the same time, this transformation is unlocking new and emerging career opportunities that has never existed before. Nearly 14% of jobs in OECD countries are likely to be automated, while another 32% are at high risk of being partially automated. Young people and those with low skills are those at highest risk – but new technological developments are now also affecting the jobs of the high-skilled too.
With the emergence of new possibilities and opportunities through the power of emerging technologies, students must take advantage and choose courses that will be relevant in their future jobs. Between 3.3 million and 6 million jobs are expected to be created in Malaysia by 2030, but with the new age of automation Industrial 4.0, preparation and training are fast becoming the critical factor as the new workforce would need new skills. Choosing the best course to study for the future means responding to this remarkable rapid transformation. Successful students are those who are quick to identify courses that have future job demand.
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50 Jobs with Future High Job Demand in Malaysia
Choosing the right course to study is just the first step in the right direction of achieving a life with stable or high income. Some students have known what they wanted to be since they were young while others are no sure, even after completing their SPM & IGCSE/O-Levels.
Furthermore, one of the main aims of getting a university education in Malaysia is to find a stable job so that you can take care of yourself and your family. However, nowadays, with the high cost of living, just finding any job will not do. You will need to find a job that has a high salary.
- Programmers or Software Engineers
- Cyber Security Specialists
- Data Scientists/ Data Analysts / Data Engineers
- Information Technology (IT) Specialists
- Financial Technology (Fintech) Specialists
- Internet of Things (IoT) Specialists
- Cloud Computing Specialists
- Blockchain Specialists
- Robotics Specialists
- Mobile App Developer
- Database Administrator
- Network Administrator
- Mathematicians, Actuaries and Statisticians
- Financial Analysts
- Finance Managers/Directors
- Securities and Finance Dealer and Brokers
- Credit and Loans Officers
- Compliance Managers
- Digital Marketing Managers or Social Media Marketing Managers
- eCommerce Specialists
- Quantity Surveyors
- Electrical & Electronic Engineers
- Telecommunication Engineers
- Mechatronics Engineers
- Mechanical Engineers
- Human Resource Managers
- Virtual Reality (VR) and Augmented Reality (AR) Designers
- Animation and Multimedia Designers
- Game Developers or Game Designers
- Marketing Communications (MarComm) or Public Relations Managers
- Logistics & Supply Chain Managers
- Sales & Marketing
- Advertising & Communication Specialists
- Medical Specialists
- Food Scientists
- Interior Designers or Interior Architects
- Graphic and Multimedia Designers
- Social Media Influencers
- Medical Lab Technologists
- Hotel Managers
- Event Planners
- Lecturers, teachers, and educationists
Rapid Change in Technology Impacting Jobs of the Future
With the evolution of technology, the current job landscape in Malaysia has changed drastically. In many industries and countries, the current in-demand occupations or specialties did not exist 10 or even five years ago. The rise of technology has led to a disruption in the way we work and live. The Digital Era has changed the way we work.
Malaysia government’s focus was also in line with its efforts to meet the challenges of the Industrial Revolution 4.0 (IR 4.0) that requires highly skilled human capital. More new job opportunities would emerge as the digital revolution unfolded, and cited the World Economic Forum’s estimate that 65% of the workforce will work in the yet to be created job sector because it requires digital skills.
As the digital economy grows, Malaysia must be prepared to choose jobs that will be in demand in the future as well as still exist. 75 million job roles are expected to disappear by 2022 according to the “Future of Jobs Report 2018” by the World Economic Forum,. Furthermore, another 133 million roles are expected to emerge.
In 2017, the McKinsey Global Institute found that about half the activities people are paid to do could potentially be automated using technologies that exist today. While few occupations can be entirely automated, 60% of all occupations have at least 30% of constituent activities that can be automated.
Some of the biggest changes will occur in jobs that require routine physical activity in a predictable setting, such as operating machinery or preparing food. About 50% of the work time in Malaysia is spent on these types of highly automatable activities.”
McKinsey says its study indicates that by 2030, automation could displace up to 25% of hours (equivalent to about 4.5 million workers) in Malaysia. Yet, the country’s job outlook is ultimately promising as the job losses will be more than offset by the demand for new skills and labour.
The Fourth Industrial Revolution (Industry 4.0), artificial intelligence (AI), innovation, automation, Internet of Things (IOT) and other technological advancement would impact all industries. The Industry 4.0 will change the kinds of jobs needed across all market sectors. Therefore, students must possess the right skills to value-add, creative, empathetic and interactive in a technology-driven job landscape.
Malaysia has a high unemployment rate among its graduates. Thus, it is vital for students to consider carefully in the early stages which courses that would lead to jobs that will be high in demand in future. Ask advise from knowledgeable and experienced counselors who can assess you, advise you with evidence based information and guide you to the best course that suits you.
Most in-demand skills for the future
McKinsey Global Institute’s research report has highlighted the top three skill sets workers will need to secure the best careers for the future. These most in-demand skills for the future are:
- Higher cognitive– These include advanced literacy and writing, critical thinking, and quantitative analysis and statistical skills. Doctors, accountants, research analysts, and writers use these.
- Social and emotional– These include advanced communication, empathy, to be adaptable, and the ability to learn continuously. Business development, programming, and counselling require these skills. These jobs are also amongst the best careers for the next ten years.
- Technological- This includes everything from basic to advanced IT skills, data analysis, and engineering. These future skills are likely to be the most highly paid.
Choosing the Right Course, Possessing Soft Skills & Having a Good Command Increases Your Chances of Employability
In a research, commissioned by the Ministry of Women and Family and Community Development, it was found that there was very little variation in CGPA between employed and unemployed graduates. This explains why the overall academic performance did not affect the chance of becoming employed graduates. On the other hand, graduates who had higher English proficiencies were employed compared to unemployed graduates.
The study showed that having good grades did not guarantee employment for Malaysian graduates. Therefore, graduates must have a good command of English and other soft skills such as analytical thinking, intelligence, independence, leadership, communication and computer skills and work experience.
The results showed that the chance of being employed rose with an increase in English proficiency. The only significant personality variable is leadership and technical skills and this variable consisted of constructs such as possessing analytical thinking, being intelligent, independent, having leadership skills, communication and computer skills and possessing work experience.
Most of these challenges are more pronounced for graduates who come from rural areas because they are less exposed to speaking in English and almost all of them study in the public universities where Bahasa Malaysia is used as the medium of instruction.
In another study by the Ministry of Higher Education on the National Graduate Employability, Prospective employers complain of fresh Institution of Higher Learning (IHL) graduates lacking the prerequisite attributes; more than 50% of fresh graduates are deemed to be unsatisfactory in English communication skills, and yet, many of these young, inexperienced job-seekers expect unrealistically high starting salaries.
Currently, deficiencies are seen in the areas of communication, ICT knowledge, and professional and technical skills which have resulted in an insufficient supply of employable graduates. This situation is further aggravated by university students not pursuing fields of study that are relevant to industry
Every year about 180,000 students graduate with diplomas and degrees from institutions of higher learning. The most common problems identified by employers are:
- poor command of English (55.8%)
- poor character, attitude or personality (37.4%)
- asking for unrealistic salary/benefits (33%)
- mismatch of skills (30.2%)
- choosy in job/company (27.7%)
- no demonstrated ability to solve problems (25.9%)
- skill knowledge not in-depth enough (23.8%)
As the main demand of industry is to employ graduates who are GSA (Generic Student Attribute) centred, from the above it is obvious that these skills are lacking among fresh graduates.
Hard Skills and Soft Skills
Malaysian industries are currently emphasising a set of skills that the graduates should have when they apply for a job, which are divided into two separate categories comprising hard skills and soft skills. Hard skills are defined as the mastery and practice of a body of knowledge whereas soft skills are the development of largely inter- and intra-personal skills.
There are several hard skills and soft skills that have been highlighted, which should be incorporated into the IHL curriculum to increase the graduate employability and employment rate. Some hard skills include
provision of temporary/vacation work, literacy, time management, research skills, computer skills, help to secure work placement and internship, contacts with employers, CV writing, providing help in job search, career fairs, and job searching techniques.
Correspondingly, some of the soft skills are team working skills, presentation skills, decision making skills,
communication skills, understanding of career area, interview practice, and career identification and planning.
Ask a Knowledgeable & Experienced Education Consultant in Malaysia to Help you Choose the Right Course
in finding out who you are and what you are good at. An experienced Education Advisor would be invaluable in assisting you to choose the right course. Students need to talk to the right education counselors so that you get the right information to help you in making this life-changing decision.
Ask the right Education Counselors. Would you ask a Doctor on how to repair your car? Or would you ask a mechanic for medical advise? Although this sounds ridiculous, but many students do listen to advise from young and inexperienced counselors from universities, colleges or agents’ offices. Talking to an experienced education advisor would help you to navigate through this confusing time of choosing the best course that fits you.
Experienced education counselors are able to analyse your interests, personality and exam results to help you make a list of possible courses for consideration. EduSpiral Consultant Services staff have more than 15 years experience in counseling students. Having worked in the private education industry, we have in-depth knowledge of each private university and college in what they are good at.
EduSpiral Consultant Services has worked with our partners which are top private universities and colleges in Malaysia for many years while the counselors at the private universities or agents’ offices change every few years therefore they would not have the in-depth knowledge of the courses and the university that they are working at.